Process of merchants Essay Example | Topics and Well Written Essays - 750 words

Process of merchants - Essay Example The said process can be considered as the onset of the different processes that are needed to be undertaken which require a synergy of planning and strict decision making since critical assessment is required to determine what types of products can target the needs of the clients (Cant, Strydom, Jooste and du Plessis 128). The identification of the clientele for the particular upcoming season can be considered as a crucial step in the process. Initially, specific type of consumers is identified and the stability of the said market to support continued manufacturing and production is established. An addition important characteristic of the said market is economic accessibility which is related to more profitability in terms of less expenses and costs on higher benefits (Cant, Strydom, Jooste and du Plessis 128). There are different criteria that can assess the right choice in merchants. One is the size and growth capability of the market that can ensure use up of the supplies that can be produced and the expansion of the business undertaken. The potential profitability which is related to the long-term capability of the business to prosper is another important factor. The determination of the capability of the business to achieve the set goals is also another important factor (Cant, Strydom, Jooste and du Plessis 129). Basically in the determination and classification of the profitable line and market in the merchant process can only effective if it is compatible to the type of services that can be offered. Thus, the process of classification choice of a merchant can also include the assessment of the point where the needs of the market and the capability of the company can meet. Through this, the profitability can be optimized. To be able to have the maximum benefits in the market, the process of forecasting or determination of the products that can have the high demands can be considered as another fundamental phase.